Thursday, Apr 23, 2009
Has anyone told Gordon & Alistair!!!
Reuters: Northern Rock says lending arrears up
Nationalised bank Northern Rock reported a sharp rise in lending arrears in the first three months of 2009, blaming continued difficult conditions in the mortgage and housing markets. Northern Rock said on Thursday accounts more than three months in arrears accounted for 3.67 percent of its loan book at the end of March, up from 2.92 percent three months earlier.
Posted by beachbum @ 11:13 AM (223 views) Add Comment
1 Comment
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1. mander said...
People strugling knowing that Northern Rock is owned by the government will probably default more as they think the goverment would understand they are strugling or some borrowers being in negative equity do not want to pay?